Economic Report

The Middle East stands at a critical crossroads as the United States and Iran engage in a high-stakes game of diplomatic “chicken.” Following weeks of intensified conflict and a crippling naval blockade, reports suggest the two nations are inching toward a potential memorandum of understanding. However, the path to peace …

US employers added 109,000 private-sector jobs in April, exceeding economists’ forecasts of 99,000. This marks a noticeable pickup from the revised 61,000 gain recorded in March, signaling resilient hiring momentum despite ongoing economic uncertainties.The stronger-than-expected report highlights steady demand for workers, with both small and large companies contributing to the …

Key Takeaways Dollar in retreat: The DXY fell 0.7% to 97.79, with the euro climbing 0.7% to $1.1771 and the pound gaining 0.5% to $1.3619. One-page deal in works: The White House is nearing a memorandum of understanding with Iran to end the war, per Axios. 48-hour deadline: Washington expects …

Key Takeaways Closest yet: The White House believes it is approaching a one-page memorandum of understanding (MOU) with Iran — the closest the parties have been since the war began. 48-hour window: The U.S. expects Iranian responses on several key points within the next 48 hours. Witkoff and Kushner lead: …

Key Takeaways Brent and WTI tumble: Brent oil futures plunged 8.1% to $101.02 per barrel, while WTI crashed 9.2% to $92.93. Building selloff: Both contracts had already settled nearly 4% lower in the previous session before Wednesday’s accelerated decline. One-page deal in works: The White House is nearing a memorandum …

Key Takeaways Futures rally: S&P 500 futures rose 0.6%, Nasdaq 100 futures jumped 1.2%, and Dow Jones futures gained 0.6% — building on Tuesday’s record highs. One-page deal looms: The White House believes it is nearing a memorandum of understanding with Iran to end the war, per Axios citing two …

Key Takeaways Bitcoin steadies near peaks: The world’s largest crypto rose 0.5% to $81,368.8 after touching a three-month high of $81,718.9 earlier in the session. Strategy’s stunning U-turn: Michael Saylor said the firm — holder of 818,334 Bitcoin — may begin selling some holdings to fund dividend and debt payments. …

Key Takeaways Broad-based rally: The Stoxx 600 jumped 1.2%, with Germany’s DAX, France’s CAC 40 each adding 1.2%, while the U.K.’s FTSE 100 led with a 1.3% gain. Trump’s diplomatic U-turn: The president halted “Project Freedom” — the operation to reopen Hormuz by force — citing “great progress” toward a …

Key Takeaways Operation halted: Trump announced the U.S. will pause “Project Freedom,” its operation to restore commercial shipping through the Strait of Hormuz. Deal “close”: The president said “great progress” has been made toward a “complete and final agreement” with Iran. Blockade remains: Despite the pause, the U.S. naval blockade …

Key Takeaways Gold rallies: Spot gold jumped 1.8% to $4,637.14/oz, while U.S. gold futures for June climbed 1.7% to $4,647.31. Building momentum: The yellow metal had already gained nearly 1% in the previous session. Trump’s diplomatic pivot: The president announced a pause to “Project Freedom” and said a deal with …